Money & The Economy

New Unemployment Claims Miss Expectations, Stay Unchanged

The number of Americans filing new unemployment claims came in at 751,000 last week as the economy continues to suffer…

6 years ago

Friendly’s Files For Bankruptcy Again, Says Pandemic Hurt Recovery Efforts

Friendly’s declared bankruptcy for the second time over the weekend, saying the pandemic hindered its recovery efforts,  according to Restaurant…

6 years ago

Third-quarter GDP growth confirms super V-shaped recovery

The US Department of Commerce just announced that real GDP grew at an annual rate of more than 33% in the third…

6 years ago

US Economy Surges At Record Rate, GDP Grows 33.1%

The U.S. economy grew by a record 33.1% in the third quarter of 2020, as employers continue to restore jobs…

6 years ago

New Unemployment Claims Fall To 751,000, Beat Expectations

The number of Americans filing new unemployment claims decreased to 751,000 last week as the economy continues to suffer the effects…

6 years ago

Boeing Cuts Thousands Of Jobs, Prepares For Air Travel Slow Down Amidst Coronavirus Surge

American aerospace giant Boeing announced a fresh round of job cuts during its earnings call on Wednesday morning as coronavirus…

6 years ago

Major Fast Food Chain Replaces Employees With Robotic Fry Cook

Fast-food chain White Castle announced Tuesday that it is expanding its automated cook concept after the company successfully tested it…

6 years ago

Goldman Sachs Agrees to Pay Over $2.9 Billion in Foreign Bribery Case

Goldman Sachs, a global financial institution headquartered in New York City, and its Malaysian subsidiary, have admitted to conspiring to…

6 years ago

New Unemployment Claims Fall To 787,000, Lowest Level Since March

The number of Americans filing new unemployment claims decreased to 787,000 last week as the economy continues to suffer the…

6 years ago

Re-examining the Money Velocity Myth and What it May Tell Us

Many economists denigrate the Money Velocity index as yet another useless index that many analysts try to draw correlations without…

6 years ago